Associate, Financial Risk Oversight

The OCC • Chicago, IL

1d • Hybrid

About The Position

The Associate, Financial Risk Oversight supports department leadership by monitoring OCC’s adherence to risk tolerances, developing risk reporting, monitoring and challenging the effectiveness of OCC’s financial risk management framework, and supporting default management and recovery and wind-down oversight activities. The role collaborates with teams across Corporate Risk Management and with stakeholders including Compliance and first-line Financial Risk Management.

The position supports oversight of financial risk management, enterprise risk assessments, risk inventories and reporting, and the development of tools and methods to monitor financial risk. It also contributes to default and non-default loss planning and testing, reviews quantitative and qualitative reporting for accuracy and consistency, maintains department policies and procedures, and supports special projects. There are no supervisory responsibilities.

Requirements

• Basic understanding of securities/derivatives markets and risk management.
• Ability to think creatively and present ideas clearly.
• Strong attention to detail and problem-solving skills.
• Experience designing and producing quality reports and presentations.
• Strong interpersonal skills, including excellent written and oral communication skills.
• Ability to interact and collaborate with all levels of the organization and across departments.
• Ability to manage tasks, projects, and deadlines and adapt to shifting priorities.
• Ability to build broad-based business relationships across the organization.
• Ability to work in a highly regulated environment, including with the SEC, CFTC, and Federal Reserve.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Bachelor’s degree in Risk, Finance, Economics, Engineering, or equivalent.

Nice To Haves

• Experience with Tableau.
• At least 1 year of financial services, risk management, compliance, and/or audit experience.

Responsibilities

• Assist with implementing risk management oversight activities to assess, monitor, and report on the adequacy and effectiveness of OCC’s management of financial risk.
• Assist with enterprise risk assessments of first-line Financial Risk Management in coordination with the Operational Risk Management team under OCC’s enterprise-wide Risk Management Framework.
• Assist ORMC with maintaining risk inventories, taxonomies, and other elements related to financial risk management and compliance activities.
• Develop an understanding of OCC’s enterprise risk and assist business units with governance issues and concerns.
• Verify, analyze, create, and monitor key performance, risk, and control indicators for management and board-level reporting across business units.
• Identify, develop, and implement tools or methods to track and monitor financial risk.
• Track and communicate audit and exam issues, as well as business-area self-identified issues and findings, to other Corporate Risk Management teams.
• Understand OCC plans for mitigating default and non-default losses and assist in planning and testing tools used during those loss events.
• Understand OCC quantitative and qualitative reporting and help review data for accuracy and consistency.
• Assist with developing and maintaining department-level policies, procedures, job aids, and controls.
• Support management with special projects and other assigned duties.

Benefits

• Hybrid work environment with up to 2 days per week of remote work.
• Tuition reimbursement.
• Student loan repayment assistance.
• Technology stipend for connecting to the network while working remotely.
• Generous paid time off and parental leave.
• 401(k) employer match.
• Competitive medical, dental, and vision benefits.
• Potential eligibility for a discretionary annual incentive compensation award with a target range of 6% to 10%.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level